What is an entity

Synonyms for entity Synonyms being , commodity , existent , individual , individuality , integer , object , reality , something , substance , thing Visit the Thesaurus for More. Examples of entity in a Sentence One division of the company was broken off as a separate entity.

Recent Examples on the Web My mother was attacked some say possessed by an entity. Greg Abbott, a Republican, signed an executive order on Monday banning any state entity —including private businesses—from instituting vaccine mandates. Wolf, CNN , 12 Oct.

First Known Use of entity , in the meaning defined at sense 1a. History and Etymology for entity Medieval Latin entitas , from Latin ent-, ens existing thing, from coined present participle of esse to be — more at is. Learn More About entity. Time Traveler for entity The first known use of entity was in See more words from the same year. Style: MLA. Medical Definition of entity. Legal Definition of entity. Get Word of the Day daily email! Test Your Vocabulary.

Test your vocabulary with our question quiz! Love words? Need even more definitions? Merriam-Webster's Words of the Week - Oct. Silent Letters When each letter can be seen but not heard. Ask the Editors 'Everyday' vs. What Is 'Semantic Bleaching'? You can think of an entity as a fictitious person. The business entity principle states that each entity must be accounted for independently. The legal separation of an entity from its owners carries many benefits. Limited Liability Partnership and Corporation owners enjoy limited liability.

This means that the owners of the company are only liable for their investment in the company. In other words, if the company is being sued for damages due to a faulty product, the person filing suit cannot sue the owners. Only the company can be sued because it is a separate legal entity. In the case of a sole proprietorship where there is no legal separation, a suit could be filed against the business and the owner because the owner of a sole proprietorship is the business.

There is no separate entity.